News
24.03.2011
Russia: intervention fund started selling grains of the harvest-2009
On March 23, 2011, the National Commodity Exchange provided regular exchange trades of grains from the state intervention reserve. The Government sold 43.401 thsd tonnes of grains at the general sum of 273.73 mln RUR (9.63 mln USD).
During the whole auction period (February 4 – March 23), the Commodity Exchange sold 40.29 thsd tonnes of 3-grade wheat (of the harvest-2005) and 217.024 thsd tonnes of 3-grade wheat (2008); 170.146 thsd tonnes of 4-grade wheat (2008), 2.7 thsd tonnes of 4-grade wheat (2005) and 22.95 thsd tonnes of milling rye, group A (2008). Also on March 23, the Government sold 8.1 thsd tonnes of 4-grade wheat of the harvest-2009.
By now, during whole days of exchange trades the Government sold 753.39 thsd tonnes of grains.
The average weighted price of 3-grade wheat of 2005 and 2008 origin, sold from the intervention fund, totaled 6627.8 RUR/t and 6708 RUR/t respectively, 4-grade wheat – 6205 RUR/t and 6430.1 RUR/t respectively, milling rye – 6243.2 RUR/t, 4-grade milling wheat (2009) – 6275 RUR/t.
